Al Rajhi Bank to woo Arabs to buy homes in Malaysia
by David Tan from The Malaysia Star
Al Rajhi Bank's CEO Ahmed Rehman said the bank was confident of playing a role in attracting more Arabs to purchase properties in Malaysia. “We have 400 branches in Saudi Arabia serving over three million customers, from which I’m sure a percentage would be interested in owning a home in Malaysia,” he said .after the launch of Al Rajhi's first branch in Penang by Chief Minister Tan Sri Dr Koh Tsu Koon. Ahmed said the bank had developed new Islamic financial products with a Middle Eastern flavour for the retail and wholesale market in the country. “We are also embarking on designing made-in-Malaysia Islamic banking products and services that will contribute to Malaysia’s reputation as a trailblazer in Islamic banking,” he said.